Wednesday, October 29, 2008

Capitalism

In this age of turbulence, I think we should all get back to basics and revisit the true meaning of capitalism.

What is capitalism? I like Mr Daryl Guppy's analogy:

In a traditional capitalism economic, you have two cows, you sell one and buy a bull. Your herd multiplies and the economy grows. You sell them and retire on the income.

The key here is you actually produce something physical. You grow your herd from two cows to many cows and bulls.

Look at what our American friends did to their economy and you know why so many people are crying for the death of capitalism....

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